How long and what are the chances of LINE doubling back to $26 do you think?
I'm running through some numbers in my portfolio with SIRI and I'm thinking about moving money from there to LINE but to break even overall I need LINE to get to $26
Your thinking is backwards. Do you go to the horse track and pick a horse based on what the payout would be if it won. Like, Hmmmm, I'd like to win $100 so I'm going to bet on the 50 to 1 shot.
I'll take a stab at this;
For the immediate, the current bear rally will not outlast the forced selling of LINE by hedgies and others. So I don't expect the price to hit $20 this fall. But it may return to $11 and below.
So, expect $26 by the spring of '14. Now I ask you; How inflated will those dollars be???
<<How inflated will those dollars be??? >>
I guess I hope inflated enough to pay off all of my uninflated fixed debt obligations.
I agree that today's action is likely to make a lot of folks think prematurely that things have been miraculously fixed -- a bear rally. Wow. If people start thinking that government can so easily bail out markets without someone paying for it, then we could see even more risk taking.
I hate this type of question. Just last week people were asking when it would hit $10.
Both questions indicate the type of panic-euphoria schizophrenia that makes markets nuts in the first place.
I agree all this "why are we not higher?" jaw boning is silly. The price will take care of itself, enjoy buying %20 return in tax sheltered cash money. LINE's strong balance sheet gives them the most flexible to acquire property and grow cashflow. recession or not the hedges are there.
trading in and out for most is a lesson in losing capital....find good companies the are undervalued and buy
Basically my question is should I leave my money in SIRI and wait for the market to recover and hope they don't go bankrupt or move it to LINE who has a good dividend. I'm not trying to make a trade in a day.